Policymaking round Australia's banking system has been predicated on a flawed and risky paradigm: the trade-off between "competition" and "financial stability", which ends-up favouring a more concentrated industry.

As a result, Australia's prosperity relies on four colossal banks worth around $50 billion each. They control 80-90 per cent of all financial transactions

Australia can build both a more stable and competitive financial system. All it requires is real leadership.

If one works on the basis that the NBN will end up being wholly funded by taxpayers, which is likely given that its expected returns are (a) so low and (b) uncertain (read risky), it will increase Australia's national debt by roughly 30 per cent.

By proudly slashing our foreign labour intake in the name of scoring below-the-belt political points, the Federal Government is directly contributing to capacity constraints and inflationary pressures.